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I think this upward pressure in wages may also be a reaction to unemployment benefits paying out at a better rate than usual. You can't just pay at parity with
by murph-almighty 5y ago
I think this upward pressure in wages may also be a reaction to unemployment benefits paying out at a better rate than usual. You can't just pay at parity with unemployment to entice people on unemployment to work for you. It's not a new minimum wage, but if federal unemployment is of the opinion that you should be getting paid around $15 an hour and will put its money where its mouth is, then you as an employer need to accommodate for that. (To clarify I think this is a good thing)
Anecdata: At a McDonalds in an urban center in Colorado they're offering minimum 17.25.
- Clubber 5y agoCurrent unemployment rate is at 5.8% as of last month. Down from nearly 15% during the pandemic. I've read it's because the pandemic forced people to look for other jobs (like call centers) and they are actually better off. I'm sure it's a multitude of things.